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Pin to quick picksCreo Medical Share News (CREO)

Share Price Information for Creo Medical (CREO)

London Stock Exchange
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Share Price: 35.25
Bid: 35.00
Ask: 35.50
Change: -0.50 (-1.40%)
Spread: 0.50 (1.429%)
Open: 35.75
High: 35.75
Low: 35.25
Prev. Close: 35.75
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IN BRIEF: Creo Medical makes first earn-out payment for Albyn

Wed, 16th Mar 2022 12:21

Creo Medical Group PLC - Chepstow, Wales-based medical device company - Confirms that it paid the first instalment of the EUR1.7 million earn-out payment for Albyn in cash. Adds that it also bought half of the remaining 10% of Albyn's missed share capital for EUR1.2 million.

Creo bought Albyn in July for an equity value of EUR24.8 million and up to EUR2.7 million of performance-related payments payable over two years. It acquired 90% of Albyn's issued share capital, with the remaining 10% to be acquired over the next two years for an amount calculated against performance targets.

Notes that the acquisition has increased its revenue year-on-year.

Current stock price: 120.50 pence

12-month change: down 46%

By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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